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    Home - Bitcoin rides institutional confidence to strong week of corporate purchases
    Bitcoin rides institutional confidence to strong week of corporate purchases
    Bitcoin Mining

    Bitcoin rides institutional confidence to strong week of corporate purchases

    adminBy adminJune 24, 2025No Comments4 Mins Read
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    Bitcoin rides institutional confidence to strong week of corporate purchases

    Strategy, formerly MicroStrategy, has added another 245 Bitcoins worth roughly $24.8 million at current prices, its second smallest BTC purchase this year. The firm purchased the tokens for an average price of $105,856 per Bitcoin between June 16 and 22. 

    Strategy’s purchase brings its total holdings to 592,345 tokens worth roughly $60 billion based on BTC’s current price listed on-chain. Saylor Tracker data shows that the firm’s latest reported buy is its second smallest, since its purchase of 130 BTC between March 10 and 16.

    Other companies add BTC to their holdings

    The Blockchain Group announced Monday the acquisition of 75 additional Bitcoins for approximately 6.9 million euros. The purchase brings the firm’s total BTC holdings to 1,728 BTC, currently valued at roughly 155.8 million euros.

    The company revealed that the acquisition was funded by completing a 7.2 million euro capital increase via its wholly-owned Luxembourg subsidiary. The firm’s press release also noted that the funding came entirely from TOBAM-managed funds through an ATM-type equity program announced on June 17.

    Smarter Web Company announced a purchase of 196.90 BTC on June 24, at an average price of 77,122 euros ($103,290) per Bitcoin. At the time of publication, the purchase now has 543.52 BTC holdings, at an average purchase price of 77,988 euros per Bitcoin.

    The company had announced that it acquired 104.28 BTC at an average price of 77,751 euros ($104,451) per Bitcoin, totaling 8.1 million euros on June 19. The company stated that since 2023, it has adopted a policy of accepting payment in digital currency.

    According to Smarter Web Company, the accumulation forms part of its long-term Bitcoin strategy under its 10-year plan. The company’s CEO, Andrew Webley, said he’s looking forward to working with his advisors to inspire other UK companies to adopt a similar mechanism.

    Vinanz Limited announced today the purchase of an additional 37.72 BTC as part of its growing Bitcoin treasury strategy. The digital assets were bought at an average price of $102,056 per BTC for a total of $3.85 million.

    The company said the purchase was finalized via Vinanz’s newly established institutional custody account with Fidelity Digital Assets, where Vinanz has recently been formally onboarded as an institutional client. The crypto firm currently has a total of 58.68 BTC in its holdings at an average price of $97,491 per Bitcoin.

    Cardone Capital also announced its first Bitcoin purchase of 1,000 BTC to its balance sheet on June 23. The firm’s CEO, Grant Cardone, said it was the first-ever real estate company integrated with a full BTC strategy.

    Cardone revealed that the company was combining real estate and Bitcoin and expects to add another 3,000 BTC to its treasury this year. According to BiTBO, the purchase was worth roughly $101M at current market prices and will place Cardone Capital above mining firms Core Scientific and Cipher Mining in terms of BTC holdings.

    Middle East war escalation drives tensions in crypto market

    “CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE…” –President Donald J. Trump pic.twitter.com/hLTBT34KnG

    — The White House (@WhiteHouse) June 23, 2025

    The crypto companies’ latest acquisition comes amid a dramatic escalation of tensions in the Middle East – a development that is driving investors from risk-on assets like cryptocurrencies to safe-haven investments such as gold. The geopolitical turmoil escalated after a military showdown between Iran and Israel last week as the two countries traded missile fire.

    On Sunday, the situation changed after the U.S. got involved and bombed sites suspected of being key to Iran’s development of nuclear weapons. The attack shook global oil markets as well as digital assets, but gold’s price surged.

    Trump announced that he had declared a ceasefire intended to bring an end to the 12-day war between Iran and Israel, but both sides continued to exchange fire on Tuesday morning despite public acceptance of the truce.

    “I have instructed the IDF to respond forcefully to Iran’s violation of the ceasefire with powerful strikes against regime targets in the heart of Tehran.”

    Israel Katz, Defence Minister of Israel.

    At the time of publication, Bitcoin is trading at $105,000, a 3% increase in the last 24 hours, but down roughly 1.7% in the past week. The digital currency plummeted below $100,000 on Sunday, its first time below that threshold since early May. On-chain data also shows that the total cryptocurrency market capitalization plunged 6% to $32 trillion during the past seven days.

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